Unless your idea of “streamlined” finances is having eight credit cards in your wallet (that’s about how many the average card-carrying U.S. citizen hauls around), you’ve probably considered canceling some of credit cards you don’t use often.
You can throw the reminders in the Cuisinart or chuck them into a garbage can, but that won’t make the debt go away. Debt hovers like a carrion bird over a dying beast, with annual rates of 20% or more compounded monthly, month in and month out.
About 1% of the population has perfect credit, meaning a FICO score of 850 on Fair Isaac Corp.’s scale of 300 to 850. How they earned those gold stars is no secret. A quick peek into their credit files reveals that these star pupils haven’t got any fancy tricks up their sleeves.
You may have heard that Mint.com has gone into partnership with The Motley Fool to provide you outstanding personal finance information and advice. On the topic of getting out of debt, we at Mint have shared our perspective on getting...
In matters of budgeting, there are two clear camps of consumers: them, and the rest of us. They are the people you ask to calculate what everyone owes when there are more than two of you dining out. They know exactly how much they spent on ATM fees last week, last month, and last quarter.
If you saved $10,000 a year for the next 40 years and earned no interest, you would have $400,000. If you invested $10,000 a year and earned a 10% return each year, you would have $5,267,155. Why the difference?